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Ghana’s crude oil production dips 9.54% in 2023

Reporting Oil and Gas

During the first three quarters of 2023, the nation experienced a 9.54 million barrels, according to Finance Minister Ken Ofori-Atta. million barrels, the TEN field produced 5.02 million barrels, and the Sankofa-Gye Nyame field yielded 8.46 million barrels. million barrels produced in the same period in 2022.

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Energy Transfer Caps 2024 with Strong Q4 and Full Year Earnings Results

Energy Transfer

This was another strong quarter for Energy Transfer, with robust growth in adjusted EBITDA compared to Q4 2023. We also saw strong performance in crude oil transportation volumes (up 15%), NGL transportation volumes (up 5%), NGL exports (up 2%), midstream gathered volumes (up 2%) and interstate natural gas transportation volumes (up 2%).

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Permian Basin Economic and Energy Update: Q4 2024

Oil Gas Leads

per barrel , marking a 5.2% per barrel of oil equivalent (boe) , up 15.6% per boe , reflecting improved transportation dynamics and stronger demand. million barrels per day (bpd) , reflecting a 1.3% compared to 2023. year over year compared to December 2023. increase compared to the third quarter.

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DNO reports "Stellar Production" in Iraqi Kurdistan

Iraq Business News: Oil & Gas

According to a company statement this morning: " Net production climbed 50 percent year-on-year to 77,300 barrels of oil equivalent per day (boepd), to which Kurdistan contributed 59,000 boepd, North Sea 15,200 boepd and West Africa 3,100 boepd. "At License had been inactive since mid-2023 before testing.

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Texas Supreme Court Holds that Add-Back Provision in Oil and Gas Lease Required Royalties to be Paid on Prices in Excess of the Producers’ Gross Proceeds

The Energy Law

20-0904, 2023 WL 2438927 (Tex. 2023), in which it held that lessees owed royalties in excess of their gross proceeds, specifically “adding back” costs incurred by third-party buyers that were enumerated in the sales contract and subtracted from the sales price. Sheppard , — S.W.3d

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Oil Market Outlook: A Year of Growth, but Slower Than Before

Rextag

A Year of Growth, but Slower Than Before The International Energy Agency (IEA) has revised its forecast for global oil demand in 2024, projecting growth of 921,000 barrels per day (bpd) a slight increase from earlier predictions of 862,000 bpd. million bpd in 2023. million barrels a day increase seen in 2023. million bpd.

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Nigeria Oil Industry Overview

Drillers

billion barrels of proven oil reserves as well as 5.675 trillion cubic metres of natural gas, which explains why the supermajors are not too tired of their problems in Nigeria. While in the past it used to transport the most oil to the United States, now Nigerian oil goes mostly to Asia, Europe, and South America.

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